Denmark Gazettes Law Implementing DAC8, Crypto-Asset Reporting Framework Amendments

The Danish Official Gazette April 30 published Law No. 409, implementing amendments to Directive 2023/2226/EU on administrative cooperation in the field of taxation (DAC8) and the Crypto-Asset Reporting Framework (CARF). The law includes measures: 1) authorizing the Minister of Taxation to establish reporting, due diligence, and registration obligations for crypto-asset service providers and platform operators; 2) defining reportable crypto-asset service providers, covered activities, and reporting obligations; 3) extending the automatic exchange of information (AEOI) rules under the common reporting standard (CRS) to cover specified digital assets, digital central bank currencies, non-custodial dividends, and cross-border advance commitments; 4) expanding DAC8 reporting ...